A bill to legalize recreational marijuana in New Hampshire has won the backing of a House committee, but the narrow vote foretells a floor...

A bill to legalize recreational marijuana in New Hampshire has won the backing of a House committee, but the narrow vote foretells a floor fight when the full House of Representatives considers it.

The House Criminal Justice and Public Safety Committee voted 10-9 to recommend passage of House Bill 481.

The bill would legalize up to an ounce of cannabis for adults 21 and older and establish a system for regulation and taxation.

A person legally allowed to possess marijuana would be permitted to have six plants, or 12 plants total for a household. Projections in the bill say legalization would generate between $20 million and $31 million for the state.

It would levy a tax of $30 per ounce on all cannabis flowers—the tax structure means the bill will at some point be sent to Ways & Means for further review.  The proposal would establish a cannabis control commission for regulatory and licensing purposes for retail and manufacturing entities.

Public consumption would be banned and subject to a $100 fine on first offense. [Read more at New Hampshire Public Radio]

MJ Shareholders avatar

MJ Shareholders

MJShareholders.com is the largest dedicated financial network and leading corporate communications firm serving the legal cannabis industry. Our network aims to connect public marijuana companies with these focused cannabis audiences across the US and Canada that are critical for growth: Short and long term cannabis investors Active funding sources Mainstream media Business leaders Cannabis consumers

No comments so far.

Be first to leave comment below.




( ) ( ) ( ) ( ) ( ) ( ) ( ) ( )